Revenue: Effective Date, Disclosure and Transition & Other Assets and Deferred Costs (Topics 340-40 and 606-10-50)

Course Details

Date

Thursday, February 7, 2019

9:00am – 11:00am
(Registration: 8:30am)

Field of Study

Accounting

Course Number

4183312C

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Overview

Vendor

CalCPA Education Foundation

Prerequisites

Revenue: The Five Steps (ASU 606-10) and Revenue: Special Implementation Guide (ASU 10-55)

Description

This course is the final segment of a three-course series; concentrate on the ASU 606, Revenue from Contracts with Customers. Address the effective date, disclosure, and transition along with ASU 340-40, Other Assets and Deferred Costs.

Now is the time to get serious about adoption of ASC 606, Revenue from Contracts with Customers. With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies have an implementation date after Dec. 15, 2017, and non-public companies, Dec. 15, 2018 (as amended).

Materials are provided as an ebook for this course.

Highlights

  • FASB ASC 606, Revenue from Contracts with Customers
  • FASB ASC 340-40, Other Assets and Deferred Costs
  • All recently released updates to ASC 606, Revenue from Contracts with Customers

Objectives

  • Explain the objective of disclosure under ASC 606.
  • Explain the elections available to nonpublic entities regarding disclosure under ASC 606.
  • Illustrate, measure, present and disclose other assets and deferred costs relating to ASU 606.
  • Recall the effective date, as revised, for public and nonpublic entities.
  • Identify and differentiate between the two methods of transition.

Designed For

CPAs, auditors, consultants, and financial and management professionals.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$60.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$94.00
Your Price $94.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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